HOUSTON, May 21, 2014 (GLOBE NEWSWIRE) -- HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that Susan Rivera, 49, has been elected as an independent member of the Company's Board of Directors.
"We are very pleased to have Susan join our Board. With over 25 years of experience in insurance operations management, including extensive experience leading corporate strategy and developing innovative solutions, Susan has much to contribute as HCC pursues new business opportunities," said Christopher J.B. Williams, HCC's Chief Executive Officer.
Ms. Rivera will serve on the Enterprise Risk Oversight Committee. Since 2009, she has served as President and Chief Executive Officer of V3 Insurance Partners, LLC. From 2007 to 2009, Ms. Rivera was President of QBE Specialty Insurance Company and Chief Actuary of the Americas division of QBE Insurance Group Limited. Previously, she was President and Chief Underwriting Officer of Praetorian Insurance Company from 2006 until its acquisition by QBE in 2007. Prior to 2006, Ms. Rivera spent 15 years at AIG, holding a variety of positions of increasing responsibility.
Headquartered in Houston, Texas, HCC Insurance Holdings, Inc. is a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland. As of March 31, 2014, HCC had assets of $10.6 billion and shareholders' equity of $3.8 billion. HCC's major domestic and international insurance companies have financial strength ratings of "AA (Very Strong)" from Standard & Poor's Corporation, "A+ (Superior)" from A.M. Best Company, Inc., "AA (Very Strong)" from Fitch Ratings, and "A1 (Good Security)" from Moody's Investors Service, Inc.
For more information about HCC, please visit http://www.hcc.com.
Forward-looking statements contained in this press release are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The types of risks and uncertainties which may affect the Company are set forth in its periodic reports filed with the Securities and Exchange Commission.
CONTACT: Doug Busker, Director of Investor Relations HCC Insurance Holdings, Inc. Telephone: (713) 996-1192
Source:HCC Insurance Holdings, Inc.